Saracens owner invests in London car-sharing app

A London car-sharing app has raised £3m funding as it aims to expand across the UK. Karshare, which launched earlier this year, raised the funding through a pre-series A round.

Since its launch, the company has rolled out to four cities in the UK. The new funding will support expansion to new cities, as well as to grow its team.

Andy Hibbert, founder at Karshare, said: “The opportunity to share cars is vast. There are 33 million privately owned cars and 1.5 million registered vans...

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